Simberi mine
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| Location | |
|---|---|
| New Ireland Province | |
| Country | Papua New Guinea |
| Production | |
| Products | Gold |
| History | |
| Opened | 2008[1] |
| Owner | |
| Company | St Barbara Limited |
| Website | Our Simberi Operations |
The Simberi mine is one of the largest gold mines in Papua New Guinea. The mine is located in the north of the country on Simberi Island, New Ireland Province.[2] The mine, owned by St Barbara Limited, has estimated reserves of 3.3 million oz of gold.[2][when?]
In December 2025, it was announced that China’s Lingbao Gold Group had agreed to acquire a 50% interest in St Barbara Limited’s wholly owned subsidiary, St Barbara Mining Limited (SBML), for A$370 million (US$245.57 million) in cash. Upon completion, SBML will continue to hold an 80% interest in the Simberi gold project, with Lingbao and St Barbara each holding equal ownership of SBML. The transaction forms part of a broader restructuring that includes a proposed 20% sale of the Simberi project to Papua New Guinea’s state-owned Kumul Mineral Holdings for A$100 million. The agreements remain subject to regulatory approvals in China and Papua New Guinea, as well as the extension of the Simberi mining lease and a final investment decision on the Simberi expansion project.[3]
References
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